Micro, small, and medium enterprises (MSMEs) form the backbone of Mindanao urban economies. Over the past three years, the rapid proliferation of mobile wallets and digital payment QR codes has reshaped daily transactions for public market vendors and small retail shops.
Fintech Adoption and Literacy Rates
Survey findings show a 68% adoption rate of digital payment mechanisms among registered micro-vendors. However, challenges regarding network reliability and cash-out transaction fees remain barriers to full digital integration.